Senator Canzoneri-Fitzpatrick, Senate Republicans Propose Largest Middle-Class Tax Cut in NYS History

Patricia Canzoneri-Fitzpatrick

February 5, 2026


ALBANY, NY - Senate Republican Leader Rob Ortt, Senator Canzoneri-Fitzpatrick, and members of the Senate Republican Conference have proposed “Keep What You Have Earned” a legislative package that, if passed, would deliver real tax relief to all New Yorkers.
 
This package is part of the Senate Republican Conference’s broader 2026 legislative agenda entitled “Save New York,” a plan to improve affordability, enhance public safety, and build a stronger New York for today and future generations.
 
“New Yorkers face the highest individual tax burden in the nation, which is why our conference has put forward a comprehensive package of legislation to deliver meaningful tax relief and put more money back in the pockets of hardworking families. Affordability starts with accountability, and my bill, S.1308, adds a critical safeguard by requiring broad, bipartisan support before any new or extended tax can be imposed, ensuring relief isn’t undermined by future tax hikes pushed through without consensus,” said Senator Canzoneri-Fitzpatrick.
 
Keep What You’ve Earned Legislative Package includes: 
 
S.9110 (Rhoads) - “The Taxpayer Rescue Plan” is aimed at providing much needed tax relief to hardworking New Yorkers. Eliminate state personal income tax on first $50,000 for single filers and $100,000 for married filing jointly. Lower the tax rate to 4% for single filers up to $250,000 and $500,000 for married filing jointly.This proposal would provide a personal income tax cut for all New Yorkers. Any single filer making $50,000 or less and couples making $100,000 or less would no longer pay any state income tax. The proposal provides $37 billion in tax relief to New York residents over its 10-year implementation without having to cut funding from vital state programs as its cost would be absorbed through natural growth of the economy.  New York State has the highest individual tax burden in the nation.
 
S.1296 (Borrello) - Establishes an annual spending growth cap on the State Budget that limits the growth of state operating funds spending.
 
S.1308 (Canzoneri-Fitzpatrick) - Requires a two-thirds vote from each house of the State Legislature to impose or extend taxes a two-thirds vote from local legislative bodies to impose or extend local taxes, and a two-thirds vote from local legislative bodies requesting an imposition or extension of taxes by the state legislature.
 
S.1487 (O’Mara) - Reduces the amount small businesses and farms must pay in taxes by increasing the corporate tax threshold from $390,000 to $500,000 and lowering the rate to 2.5%. Expands the small business exemption to all PIT businesses regardless of whether they have employees, increases the threshold to $500,000, increases the exemption to 15%, and increases the exemption to 20% for farmers.
 
S.3914 (Martins) – No state income tax on overtime.
 
S.5519 (Ashby) - Reduce the property tax burden on homeowners by providing for a ten-year state takeover of the local share of Medicaid for local governments subject to the two percent property tax cap.
 
S.8489 (Weber) – Freezes real property taxes for three years to provide relief to New York homeowners.
 
S.587 (Martins) – No state income tax on tips.
 
New Yorkers face some of the highest costs of living in the country. By removing income taxes on the first dollars earned, this bill will help families better afford housing, childcare, and groceries, save for emergencies and retirement, and build their futures here in New York.

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